Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The Organization elected to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Camino Health Center (the “Organization”) under the programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget (“OMB”) Title 2 Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the presentation of the basic financial statements.
Title: NOTE 3 - AMOUNTS PROVIDED TO SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The Organization elected to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the de minimis cost rate.
No federal awards expenditures were provided to subrecipients during the year ended June 30, 2024.
Title: NOTE 4 - RELATIONSHIP OF SCHEDULE OF FEDERAL AWARDS TO THE FINANCIAL STATEMENTES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The Organization elected to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the de minimis cost rate.
Consistent with management’s policy, federal awards are recorded in grant revenue along with other grant revenue from non-federal sources. As a result, the amount of total federal awards expended on this schedule does not agree to total grant revenue on the Statement of Activities as presented in the Organization’s audited financial statements as of and for the year ended June 30, 2024.